August 31, 2016 - Defence and security company Saab acquires Phaeros Group BVBA. Phaeros offers port management and terminal operating system solutions for the global market and the acquisition is in line with Saab's strategy to grow in the maritime traffic management domain.
Phaeros’ solutions play a pivotal role in efficiently handling port operations, such as transferring cargo to and from ships. The company provides software applications dedicated to the port and cargo terminal industry and has an installed base in Europe, Africa, the Middle East and Australia.
"This is a strategically important, long-term deal for Saab. It strengthens our product portfolio in the terminal operating system area and provides an excellent platform from which we can build on the combined installed base and enhance our capabilities to provide leading maritime traffic management products globally," says Anders Carp, head of business unit Traffic management.
Phaeros employs 27 people in Antwerp, Belgium and Chennai, India. The company will be integrated into Saab’s business area Surveillance, product area Maritime traffic management with its main operations in the Netherlands, Canada and Sweden. Phaeros’ products and expertise in combination with Saab’s well-known KleinPort solutions provides an excellent foundation for further growth in the port and terminal segment.
"The Phaeros team is looking forward to becoming part of Saab. We bring unique technology to the table that, integrated with Saab’s solutions, will now find much wider application in the market" says Stan De Smet, general manager of Phaeros.
Saab Maritime Traffic Management leads the way in providing safe, efficient and easily configurable solutions for port management, maritime pilot management, vessel traffic management, coastal surveillance, port security, marine geomatics and navigation.